Common use of Trustee Removal Clause in Contracts

Trustee Removal. The Voting Trustees may be individually removed by the affirmative vote of, or by a written instrument or instruments signed by, the Holders of Voting Trust Certificates representing 80% of the Shares in the Voting Trust created hereunder.

Appears in 5 contracts

Samples: Voting Trust and Escrow Agreement (Entech Environmental Technologies Inc), Voting Trust and Escrow Agreement (China Power Equipment, Inc.), Voting Trust and Escrow Agreement (Entech Environmental Technologies Inc)

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Trustee Removal. The Voting Trustees may be individually removed by the affirmative vote of, or by a written instrument or instruments signed by, the Holders of Voting Trust Certificates representing 80% a two thirds majority of the Shares in the Voting Trust created hereunderfor, and only for, acts or omissions constituting fraud, misrepresentation, misappropriation, or other intentionally tortious misconduct.

Appears in 1 contract

Samples: Voting Trust Agreement (Elmers Restaurants Inc)

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